It's allowance time for Greater Portland Inc.

JPMorgan Chase offers Greater Portland Inc $50,000 to support its ongoing economic development efforts in the Greater Portland region.

Greater Portland Inc (GPI) is getting $50,000 from JPMorgan Chase to support its ongoing economic development efforts in the Greater Portland region.

The $50,000 comes in the form of a general operating support grant, which will assist the organization in leading a variety of initiatives that support its mission to improve economic outcomes in the Portland-Vancouver region. GPI also seeks to increase the region's capacity to act collaboratively in business recruitment, retention and expansion.

GPI is a nonprofit regional partnership that helps job-creating companies expand and locate in the Portland-Vancouver area

JPMorgan Chases investment in GPI makes clear its commitment to the long-term economic viability of our region, said Greater Portland CEO Janet LaBar. Their support, and the ongoing support of all of our investors, makes it possible for us to take an even greater leadership role in growing and attracting companies to Greater Portland. Were very excited to have them on board as we take on a series of important new projects.

Greater Portland 2020 is the group effort to unite public, nonprofit, and business leaders in the development and execution of a regional economic strategy that will allow the region to compete in the global economy for generations to come.

Greater Portland 2020 will unite the market intelligence that already exists within the region, conduct new research to fill in gaps, and build a shared blueprint for job growth across the economic ecosystem.

"JPMorgan Chase is pleased to support the efforts of Greater Portland Inc in a groundbreaking opportunity to develop an economic strategy that will allow the region to compete in the global economy," said JPMorgan Chase Market President for Oregon, Michael Hurley. "By uniting the public, private and nonprofit sectors, we are achieving more for our communities and extending the global reach of the region's economy for shared prosperity."